Great announcement, and RXL look to fly open as a result. They will have 30% of this when Teck finish spending their $15m ($1.15 to go). Interestingly, all the adjoining ground just 7km to the north is held 100% by neighbouring Zn explorer Marindi Metals (MZN) and this includes at least tow high grade zinc prospects. Like Rox, Marindi are also in JV with Teck, at Yalco, a little further to the north. I would think there might be some synergy between the three companies after this.
AFR Street Talk today - is this a new "announcement"?, page-2
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